Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next
Author: TMFBreakerRob Big gold star, 5000 posts Old School Fool Home Fool Supernova Phoenix 1
Mission Team Member Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 18060  
Subject: Ford Rolls Forward! Date: 4/24/2013 9:03 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 2
http://corporate.ford.com/our-company/investors/investor-new...

Summary: North America did great, Europe stunk, South America was pretty nasty.... and Asia is developing momentum. Overall, everything is as a follower of Ford would expect.

Here's Ford's version:

Strong total company pre-tax profit was $2.1 billion, or 41 cents per share, a decrease of $147 million from a year ago; 15th consecutive quarter of profitability

Net income was $1.6 billion, or 40 cents per share, an increase of $215 million compared with a year ago

Positive Automotive operating-related cash flow was $700 million for the quarter — the 12th consecutive quarter of positive cash flow — with strong liquidity of $34.5 billion, unchanged from year-end 2012

Wholesale volume and total company revenue each grew about 10 percent compared with a year ago, including market share gains in North America and Asia Pacific Africa

North America pre-tax profit was a record $2.4 billion — the highest quarterly profit since at least 2000, when the company began reflecting the region as a separate business unit — with an operating margin of 11 percent. Ford also reported a small pre-tax profit for Asia Pacific Africa, and losses in Europe and South America

Ford Credit continued its solid performance with a first quarter pre-tax profit of $507 million

For full year 2013, the company’s guidance remains unchanged — Ford expects another strong year, with total company pre-tax profit about equal to 2012, operating margin about equal to or lower than 2012, and Automotive operating-related cash flow higher than 2012


More later..... but I am encouraged by the Asian results: Market share is 3%, a 30% improvement from a year ago. Only $6 million profit, but the market share is what I'm focused on now. With 7 plants under construction in China and India.... expect further gains. Ford appears to be on track to be a significant player that will grasp customer mind share. With that.... and great product.... they will have a great future in the biggest market area in the world. As many of you may know, sales in South Korea and Japan remain miniscule.... thanks to highly restrictive practices in those countries.

There's also a slide show at the above link that is always very informative.

Rob
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next

Announcements

Post of the Day:
Value Hounds

Mylan Transitioning from Generics
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement